Save Article

E-Commerce Provider GSI Buys VendorNet

GSI Commerce Inc.,
a provider of e-commerce services, says it has purchased VendorNet Inc., a closely held company that specializes in supply chain management services.

GSI runs the e-commerce Web sites of about 100 brands. The acquisition will serve a growing consumer demand for next-day and same-day delivery, said
Fiona Dias,
executive vice president of strategy and marketing for GSI, which is based in King of Prussia, Pa.

VendorNet offers a service, currently used by
Jones Apparel Group Inc.
and
Systemax Inc.'s
SYX 1.16%
CompUSA, that helps retailers drop-ship products from physical retail outlets to customers who place their orders online.

"Consumers now care about getting their orders fast," said Ms. Dias, and sending packages from a local retail outlet—rather than distant distribution center—can shave time and cost off of shipping.

Terms of the deal were not disclosed.
Sharon Gardner,
VendorNet's president and co-founder, will continue to manage the company after the acquisition, she said.

VendorNet, which was founded in 2001 in Boynton Beach, Fla., has 32 employees and about 100 clients for its supply chain management services.